74,310 Shares in Green Brick Partners, Inc. $GRBK Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Green Brick Partners, purchasing 74,310 shares valued at approximately $4.33 million, bringing its ownership to 0.17%.
• The firm reported a decline in quarterly revenue of 2.1% year-over-year, with earnings per share (EPS) at $1.85, missing the consensus estimate of $1.94.
• Green Brick Partners currently has a market cap of $3.04 billion and is rated "Hold" by analysts with a price target of $66.00.

Nuveen LLC acquired a new position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 74,310 shares of the financial services provider's stock, valued at approximately $4,333,000. Nuveen LLC owned 0.17% of Green Brick Partners at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GRBK. Byrne Asset Management LLC raised its holdings in Green Brick Partners by 50.7% during the 1st quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock worth $127,000 after purchasing an additional 730 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 36.8% in the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after purchasing an additional 646 shares during the last quarter. Covestor Ltd increased its position in shares of Green Brick Partners by 55.1% during the first quarter. Covestor Ltd now owns 2,457 shares of the financial services provider's stock worth $143,000 after buying an additional 873 shares during the period. CWM LLC raised its stake in Green Brick Partners by 13.5% during the first quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock worth $172,000 after buying an additional 352 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in Green Brick Partners during the fourth quarter worth $200,000. 78.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Green Brick Partners in a research report on Monday, June 30th. They set a "neutral" rating and a $62.00 price target on the stock. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $66.00.

Green Brick Partners Trading Down 0.1%

Shares of GRBK stock traded down $0.06 during trading hours on Monday, hitting $69.81. 161,514 shares of the company were exchanged, compared to its average volume of 287,583. The company has a 50 day simple moving average of $66.19 and a two-hundred day simple moving average of $61.47. The firm has a market cap of $3.04 billion, a P/E ratio of 9.07 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter in the prior year, the business earned $2.32 EPS. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Insider Activity at Green Brick Partners

In related news, COO Jed Dolson sold 15,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total value of $1,031,400.00. Following the completion of the sale, the chief operating officer directly owned 258,605 shares of the company's stock, valued at $17,781,679.80. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 29.70% of the stock is currently owned by corporate insiders.

Green Brick Partners Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.